About the Hama Jurik Candlestick Indicator
The Hama Jurik Candlestick indicator for MetaTrader 4 is a trend-following tool that replaces standard price candles with custom-designed candlesticks.
These candles are calculated using Jurik-style smoothing, which helps reduce market noise and highlight the dominant trend.
Instead of reacting to every minor price fluctuation, the indicator focuses on sustained directional movement.
Bullish conditions are displayed using blue and white candlesticks, while bearish conditions appear as gray and white candlesticks.
This makes trend shifts easy to recognize directly on the chart.
The indicator is especially effective in trending markets where staying in the trade matters more than precise entries.
Free Download
Download the “Hama Jurik.mq4” indicator for MT4
Key Features
- Custom candlesticks based on Jurik smoothing logic
- Highlights trend direction directly on the price chart
- Reduces noise compared to standard MT4 candles
- Works on all currency pairs and time frames
- Easy to interpret color-based trend signals
Indicator Chart
The Hama Jurik Candlestick indicator chart shows modified candlesticks in the main MT4 window.
Blue and white candles reflect bullish trend conditions, while gray and white candles reflect bearish momentum.
Traders use these candle color changes to stay aligned with the prevailing trend and avoid trading against strong directional moves.
Guide to Trade with Hama Jurik Candlestick Indicator
Buy Rules
- Wait for the first blue and white candlestick to appear
- Ensure price is not near major resistance
- Enter a buy trade at candle close
- Stay in the trade while bullish candles persist
Sell Rules
- Wait for the first gray and white candlestick to appear
- Ensure price is not near major support
- Enter a sell trade at candle close
- Hold the trade while bearish candles continue
Stop Loss
- Set the stop just beyond the last opposite-colored candlestick.
- For buy trades, place it slightly below the most recent gray/white candle.
- For sell trades, place it slightly above the most recent blue/white candle.
Take Profit
- Target the next significant support or resistance level.
- Partial exits can be taken after a strong move to lock in profits.
- Let winners run in strong trending markets and adjust for market volatility.
Practical Trading Tips
- Trade only during active market sessions.
- Avoid choppy ranges with frequent color changes.
- Use higher time frames for stronger trends.
- Combine with a trend filter for confirmation.
- Let winning trades run.
Jurik Candlestick + 4 Time Frame Hull Trend Day Trading MT4 Strategy
This day trading strategy combines the HAMA Jurik Candlestick Indicator and the 4 Time Frame Hull Trend Indicator to identify strong intraday trends.
The HAMA Jurik Candlestick colors the candles for buy and sell signals: blue/white candles indicate buy opportunities, gray/white candles indicate sell opportunities.
The 4 Time Frame Hull Trend confirms the bias: all four HMAs green indicate a bullish trend, all four HMAs purple indicate a bearish trend.
This strategy works best on 5-minute to 1-hour charts and is suitable for day traders seeking higher-probability trend trades.
Buy Entry Rules
- Wait for all four HMAs on the 4 Time Frame Hull Trend Indicator to turn green, indicating a bullish bias.
- Confirm a buy entry with a blue/white candle on the HAMA Jurik Candlestick Indicator.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss below the most recent swing low or support level.
- Set take profit at a 1:2 reward-to-risk ratio or exit if HMAs change color or HAMA candles turn gray/white.
Sell Entry Rules
- Wait for all four HMAs on the 4 Time Frame Hull Trend Indicator to turn purple, indicating a bearish bias.
- Confirm a sell entry with a gray/white candle on the HAMA Jurik Candlestick Indicator.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss above the most recent swing high or resistance level.
- Set take profit at a 1:2 reward-to-risk ratio or exit if HMAs change color or HAMA candles turn blue/white.
Advantages
- Combining candlestick signals with multi-timeframe trend analysis provides stronger confirmation for entries.
- Helps traders clearly identify the direction of the market and avoid counter-trend trades.
- Works across multiple currency pairs and intraday timeframes, offering flexibility.
- Multi-timeframe Hull analysis reduces the impact of market noise and short-term fluctuations.
- Non-repainting indicators ensure signals remain consistent for backtesting and real trading.
- Allows traders to combine trend bias with precise candle timing for higher probability trades.
- Can be integrated with other indicators or support/resistance levels to further improve trade accuracy.
Drawbacks
- Entry signals may be delayed while waiting for all four HMAs to align.
- Not suitable for very short-term scalping due to confirmation delays.
Case Study 1
On the EUR/JPY 30-minute chart, all four HMAs turned green, and a blue/white candle appeared on the HAMA Jurik Candlestick Indicator.
A buy trade was entered at 146.25, with a stop loss at 146.00 and a take profit at 146.85.
The trade reached take profit within 3 hours, yielding 60 pips.
Case Study 2
On the AUD/USD 1-hour chart, all four HMAs turned purple, and a white/gray candle appeared on the HAMA Jurik Candlestick Indicator.
A sell trade was entered at 0.6730, with a stop loss at 0.6755 and a take profit at 0.6675.
The trade was exited within 4 hours, capturing 55 pips.
Strategy Tips
- Set alerts on the MT4 platform when all four HMAs align to avoid missing potential trades.
- Consider combining the strategy with pivot points or intraday support/resistance zones to refine entries and exits.
- Use smaller lot sizes when testing the strategy on new pairs to minimize risk.
- Apply trailing stops when the trend is strong to lock in profits as the market moves in your favor.
- Keep a trading log of the pairs and timeframes that generate the most reliable signals for your trading style.
- Avoid trading around major economic news releases that can cause sudden volatility and invalidate signals.
Download Now
Download the “Hama Jurik.mq4” indicator for Metatrader 4
FAQ
What makes Hama Jurik Candlesticks different from normal candles?
The indicator uses smoothing logic to filter out minor price noise. This results in candles that better reflect the underlying trend.
Can the Hama Jurik Candlestick be traded alone?
It can be used on its own for trend direction, but many traders pair it with an entry or momentum tool for timing.
Summary
The Hama Jurik Candlestick indicator for MT4 offers a clean way to follow trends using custom candlesticks.
Reducing market noise helps traders stay in profitable moves longer and avoid overtrading.
The indicator is easy to use and fits both discretionary and rule-based strategies.
When paired with entry or confirmation indicators from the strategy section, it supports trades that follow sustained market direction.
